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"Insurance fraud normally increases during a troubled economy," Dennis Jay, executive director of CAIF, noted in a statement. "The credit crunch, subprime meltdown, higher gas prices and general econo

Reasons the negative view of the sector, which with group health plans provides a large amount of revenue for property-casualty agents and brokers, include operational, economic and political challeng

Oldwick, N.J.-based insurance rating service A.M. Best Co. has downgraded the financial strength rating to "B (Fair)" from "B-plus (Good)" and issuer credit rating to "double-b" from "triple-b-minus"

Sen. Max Baucus, chairman of the Senate Finance Committee, in a white paper also proposed setting up an insurance exchange, which he described in the white paper as a "sort of government-administered

"While some other companies have raised their auto insurance rates, relied on government bailouts, or spent money on extravagant marketing campaigns, NJM remains a careful steward of policyholder reso

A.M. Best Co. said yesterday it has placed the ratings of Fidelity National Financial Group and its eight title insurance members under review with negative implications in the wake of its planned $12